The Hungarian seafood market stood at a value of 58.906 million euros in 2023. Reviewing from 2013 to 2023, the market exhibited growth fluctuations with notable dips in 2016, 2017, and 2020. A rebound was observed in 2021 and continued into 2023. The year-on-year variation was 1.95% last year, and the CAGR over the last five years marked a moderate 1.95%, highlighting a recovering marketplace.
Future trends to watch:
- Potential influence of sustainability initiatives on sourcing and consumer choices.
- Growing interests in healthy eating may further drive demand in the market.
- Economic factors and inflation may affect spending patterns and thus market growth.
How does Hungary rank in Seafood Market Size Value?
| # | 14 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 8,625,000,000 | 2023 | +0.43% | +1.35% | View data |
| 2 | 2 France | 5,603,800,000 | 2023 | -0.7% | -2.49% | View data |
| 3 | 3 Italy | 5,246,900,000 | 2023 | -0.44% | +2.33% | View data |
| 4 | 4 United Kingdom | 5,237,500,000 | 2023 | +0.09% | -1.24% | View data |
| 5 | 5 Germany | 4,720,100,000 | 2023 | +1.3% | -1.97% | View data |
| 12 | 12 Croatia | 115,550,000 | 2023 | +0.49% | +0.15% | View data |
| 13 | 13 Slovakia | 65,643,000 | 2023 | -0.37% | -0.56% | View data |
| 14 | 14 Hungary | 58,906,000 | 2023 | +1.95% | +1.95% | |
